Decentralized stock market trade volume remains lackluster in the new year, uniswap with daily swaps - defi

Decentralized stock market trade volume remains lackluster in the new year, uniswap with daily swaps - defi

According to statistics, the monthly trade volume of decentralized stock exchanges (Dex) has decreased significantly since January 2022. After a short increase in volume in November 2022, the trade volume of Dex has been lackluster in the past 44 days. From January 14, 2023, Uniswap version three (V3), the highest trading volume in the last 24 hours and 3.57 billion US dollars will have the second highest total value (TVL) at $ 1.9 billion. The metrics show that Curve on Saturday with $ 399 million in 24 hours the second largest trading volume and $ 4.19 billion holds the highest TVL in relation to the assets blocked on index platforms.

Uniswap V3 dominates the Dex trade because the decentralized stock market volumes remain flat

After the first two weeks in January 2023 and from January 13, 2023, the measured values show that this was the case Billions of dollars in global swaps that are handled between decentralized stock market platforms (Dex). Last month, the Dex protocols recorded around $ 43.65 billion of swaps, which means that 35.12 % of the volume of the previous month was achieved in the first two weeks of the new year.

With the recent increase in global market prices for cryptocurrencies, which has increased by 6.24 % in the past 24 hours, Dex's trading volume has been heated in the past few days. Uniswap V3 has recorded the most volume in the last 24 hours.

Decentralized 24-hour exchange volume on January 14, 2023, loud Coingecko.com.

Uniswap followed by Curve ($ 399 million), balancer ($ 190 million), Pancakewap ($ 176 million), Uniswap Polygon ($ 164 million), Uniswap Arbitrum ($ 142 million ($ 132 million), Uniswap V2) and and Uniswap Optimism ($ 77 million).

It is worth noting that the Top five smart -contract-platform-token have achieved two-digit growth in the past week. Ethereum rose by 20.6 %, Binance Coin ( bnb ) rose by 16.6 %, cardano in the last seven days, Cardano, Polygon by 23.2 % and Solana by 68.5 % compared to the US dollar.

Total Value Locked (TVL) ranks according to Dex-platforms defillama.com.

The entire Smart Contract platform Coin Business has increased 8.5 % compared to the US dollar within 24 hours. The data also show that the Dex curve is the best decentralized financial exchange with the highest total value that is closed on Saturday afternoon at 3:00 p.m. Eastern Time.

At the time of the creation of this article, Curve A $ 4.19 billion Total value (TVL) and Uniswap is just below the protocol with dollar. Both curve and uniswap follow pancakes wap ($ 2.46 billion), balancer ($ 1.61 billion), Sun.io ($ 578.83 million), sushi ($ 448.9 million) and biswap ($ 232.3 million).

of the 671 Dex platforms or protocols that enable a user to exchange or act cryptocurrency, a total value of $ 17.4 billion is blocked between the protocols for decentralized finances (defi). Unsubsized stock exchanges have become a load-bearing pillar in the world of crypto-assets, since they enable users to act token without a mediator.

While the trade volumes have decreased in the index platforms, this is also the case of the case Push volumes in the past few months. The crypto winter did not make prisoners in terms of the central and decentralized stock market trade volume, and December 2022 was particularly disappointing.

What does the future do for Dex platforms in the constantly developing world of cryptocurrency trade? Share your thoughts in the comments below.

Jamie Redman

Jamie Redman is the news manager at Bitcoin.com News and a Journalist for Financial Technology living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open source code and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com news about the disruptive protocols that arise today.


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